Author: Finance for Sight

LONDON: British police said on Tuesday they had arrested a 21-year-old man on suspicion of arson after counter-terrorism officers launched an investigation into three fires, including one at a property owned by Prime Minister Keir Starmer. Police were called to reports of a fire in the early hours of Monday morning at the property in Kentish Town, Camden, north London, the area that Starmer represents in parliament. The man was arrested in the early hours of Tuesday in connection with the fire and two further incidents, police said. They are investigating whether a vehicle fire in the same district on…

BEIJING: Trade between China and Latin America exceeded $500 billion for the first time last year, China’s President Xi Jinping said on Tuesday. Xi told Latin American and Caribbean officials it was a great pleasure to have “old and new” friends gather, in his speech delivered at the China-CELAC Forum summit in Beijing on Tuesday. China hosts Latin American, Caribbean nations amid US trade war talks China supports Latin America and the Caribbean nations to expand their influence in the multilateral arena, Xi said.

WASHINGTON: President Donald Trump said on Monday the United States is ready to help India and Pakistan in the wake of a ceasefire agreement that he says his administration helped broker. Trade is a big reason why they stopped fighting, Trump said at an event at the White House. “I’m very proud to let you know that the leadership of India and Pakistan was unwavering and powerful, but unwavering in both cases. They really were, from the standpoint of having the strength and the wisdom and fortitude to fully know and to understand the gravity of the situation,” he added.…

NEW DELHI: Indian Prime Minister Narendra Modi vowed Monday to respond strongly to any future “terrorist attack”, and warned that New Delhi would not tolerate “nuclear blackmail” in the event of further conflict with Pakistan. A weekend ceasefire which US President Donald Trump said he brokered appeared to be holding Monday after four days of intense jetfighter, missile, drone and artillery attacks – the worst violence between the two nuclear-armed neighbours since 1999. Trump said Monday that US intervention had prevented a “bad nuclear war”. “We stopped a nuclear conflict… millions of people could have been killed. So I’m very…

WASHINGTON: President Donald Trump on Monday said he does not expect US tariffs on Chinese imports will return to 145% after the 90-day pause ends, adding that he thinks Washington and Beijing will have a deal. US and China reach deal to slash trade tariffs Still, Trump added that the US tariffs on goods imported from China could still return to be substantially higher.

BEIJING: An earthquake of magnitude 5.5 struck Tibet early on Monday, the China Earthquake Administration (CEA) said. The quake hit the city of Shigatse at 5:11 a.m. (2111 GMT), at a depth of 10 km (6.2 miles). Authorities have dispatched emergency response services and no casualties have been reported so far, CEA said. Earthquake of magnitude 6.0 strikes Northern Sumatra, Indonesia, GFZ says In January, more than 120 died in a 6.8-magnitude earthquake that struck Tibet’s Tingri county, around 240 km (149 miles) away from Shigatse.

TIRANA: Albania’s Prime Minister Edi Rama was on course for an unprecedented fourth term in office on Monday as partial results showed his Socialist Party with a commanding lead in Sunday’s parliamentary election. The Socialist Party won 53% of the vote with 30% of ballots counted, results from the election commission showed, far ahead of the opposition Democratic Party of former Prime Minister Sali Berisha, which had 34%. Rama, in power since 2013, is the favourite to win, bolstered in part by an influential network built over 12 years in power, a recent period of healthy economic growth and a…

U.S. Secretary of State Marco Rubio spoke with British Foreign Secretary David Lammy and German Chancellor Friedrich Merz in separate calls late on Sunday and reaffirmed the U.S stance on the war in Ukraine. UK’s Lammy and Rubio also discussed the ongoing tensions between India and Pakistan, and called for both countries to maintain the ceasefire and to continue to communicate. In call with COAS Munir, US top diplomat Rubio offers assistance in talks for de-escalation Rubio said the U.S. supported direct dialogue between India and Pakistan and encouraged continued efforts to improve communications. In a separate call with Merz,…

WASHINGTON: U.S. Agriculture Secretary Brooke Rollins on Sunday said she is suspending imports of live cattle, horse and bison through the southern U.S. border over the damaging pest New World screwworm, following up on a threat she issued last month to her Mexican counterpart. US tariffs: what is on the table? “Due to the threat of New World Screwworm I am announcing the suspension of live cattle, horse, & bison imports through U.S. southern border ports of entry effective immediately,” Rollins said. “The last time this devastating pest invaded America, it took 30 years for our cattle industry to recover.…

WASHINGTON: Donald Trump intends to accept a luxury Boeing jet from the Qatari royal family for use as Air Force One then continue flying in it after his tenure, despite strict rules on US presidential gifts, media reported Sunday. Calling the plane a “flying palace,” ABC News, which first reported the story, said the Boeing 747-8 jumbo jet would possibly be the most expensive gift ever received by the US government. The US Constitution prohibits government officials from accepting gifts “from any King, Prince or foreign State,” in a section known as the emoluments clause. But Trump plans to skirt…